Memo to CEO of Riordan Manufacturing XACC/291 November 15, 2014 Professor Doug Kildsig TO: Riordan Manufacturing CEO FROM: DATE: 11/15/2014 SUBJECT: Financial Analysis A detailed financial analysis has been performed on the balance sheet and income statement of Riordan Manufacturing. The purpose of this memo is to explain
Words: 476 - Pages: 2
Riordan Manufacturing is an organizations that operating with incompatible accounting program. Each facility may operate on its own well, the financial data supplied to the corporate office comes in many different forms from hard copies to spreadsheets. This has led to countless man hours that being lost while data is input at one operation and then manually transferred to another system, when it arrives at its destination. Corporate Accounting must then assemble its financial statements and budgets
Words: 1027 - Pages: 5
Corporate Compliance Plan for Riordan Manufacturing University of Phoenix Riordan Manufacturing is a profitable plastics manufacturer with annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 company with revenues over $1 billion. The following are some of the products produced by Riordan Industries: plastic bottles, fans, heart valves, medial stents, and custom plastic parts (Virtual Organization, 2009). This compliance plan will state the company's
Words: 4306 - Pages: 18
Riordan Corporate Compliance Plan Riordan Manufacturing Riordan Manufacturing is a global plastics producer with an employee base of 550. The company has projected annual earnings at $46million and is owned by Riordan Industries. There are different segments of the company but the major customers are the automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers, bottlers, and appliance manufacturers. The company has recently undergone some strategic changes
Words: 11305 - Pages: 46
Riordan Corporate Compliance Plan University of Phoenix LAW 521 William Eshelman February 19, 2012 Riordan Corporate Compliance Plan “The low end of the range without an effective program can be higher than the high end of the range with an effective program” (Youngberg, 1998). Statements such as this are exactly why a comprehensive compliance plan should be in place for any successful organization. Financial penalties are implemented for lack of compliance plans. There are various methods
Words: 1343 - Pages: 6
Riordan Manufacturing Riordan Manufacturing Corporation consists of four locations. The corporate office in San Jose, California, specializes in research and development. Riordan has three production plants, Pontiac MI with 130 employees, Albany, Ga. with 45 employees, and a foreign joint venture in China with 250 employees. Riordan has specific needs concerning management of its accounting and financial information. The objective of a good financial statement for the company is to provide information
Words: 1487 - Pages: 6
Running head: RIORDAN RISK ASSESSMENT Riordan Risk Assessment LAW/531 Jack Tandy Riordan Risk Assessment Riordan Manufacturing currently employs 550 people and is a major player in the global plastics supply. The parent company, Riordan Industries is a Fortune 1000 enterprise and has over $1 billion in excess revenue. Riordan Manufacturing is headquartered out of San Jose, California, and supplies plastics to market verticals such as automotive, aircraft
Words: 2254 - Pages: 10
Functional area relationship: Riordan manufacturing BUS\475- Integrated Business Topics Riordan Manufacturing Riordan is the largest industry capable of making polymer products. They are proud on their strategic planning and intelligence due to which they are able to make unique products. For the client’s satisfaction, the mission of the company is that the work and processes should be perfect and precise. The unique qualities of Riordan can be analyzed through their way of working in new
Words: 1334 - Pages: 6
Week 5 Financial security is one of the biggest issues surrounding companies in the business world. Some company revenues have been unsteady over the past few years, particularly because of the state of the economy. However, financial ratios can be beneficial in helping a company regain its financial standing while pointing out its strengths and weaknesses. These ratios offer a summarized analysis of a company’s financial progress in its respective industry. There are a number of financial ratios
Words: 772 - Pages: 4
Riordan Manufacturing Proposal University Of Phoenix CIS/319 Cornell Perry September 26, 2005 Introduction There are many compelling reasons to pursue deployment of an IT infrastructure in the business world today. Most enterprises already have a IT infrastructure in place, and are now taking the lessons they've learned from previous efforts to remedy problematic areas like data quality and infrastructure standardization. At the same time, many enterprises are also moving toward
Words: 2944 - Pages: 12
